Govt, Chinese firms sign MoU on power

Determined to correct past weak capacity of transmission in the Nigerian electricity value chain, the Minister of Power, Professor Chinedu Nebo has urged Chinese companies to bridge the gap so as to boost the nation’s capacity to wheel generated power to end users.

In a statemnt endorsed by Deputy Director (Press), Ministry of Power, Timothy Oyedeji, the minister underscored the role of transmission in the power value chin by saying it is needless if generated power could not be wheeled to the customers.

While calling for more foreign investment, Prof Nebo identified the Chinese as special people that have capacity to identify opportunities, “little wonder that China is doing so well with us in the sector”.

He said: “We will continue to support and defend your interests and investments here.”

He further requested the Chinese to do more in terms of investing in the sector, adding that in the area of renewable, a lot of opportunities still exist.

Prof. Nebo advised the Chinese to also build synergy with distribution and generation companies as they could build mutual relationship in the area of embedded or generated power within a locality and get such distributed through the DISCOs in the area.